You'll tell me he has ample store of wealth
, The pomp and circumstance of kings; but if These give no pleasure, all the rest I count The shadow of a shade, nor would I weigh His wealth and power 'gainst a dram of joy.
With my ships I have taken twelve cities, and eleven round about Troy have I stormed with my men by land; I took great store of wealth
from every one of them, but I gave all up to Agamemnon son of Atreus.
What if Facebook's crypto, backed by fiat-currency assets and offering stable value, starts out by paying for coffee but over time becomes people's preferred store of wealth
? What will it mean for monetary sovereignty?
While this is true of many of the commodities that are traded on the physical and futures exchanges, it is difficult to imagine people wanting to take physical delivery of copper or crude oil barrels as a store of wealth
. Our financial systems are currently over indebted and any more shocks to the system could well see demand for physical gold hit unprecedented levels, which considering the lack of availability of physical could see prices hit new highs......very high highs.
It measures business growth in four key areas: deposits (denoting store of wealth
), Dim Sum bonds and Certificate of Deposits (as vehicles for capital raising), trade settlement and other international payments (unit of international commerce) and foreign exchange (unit of exchange).
(1) In many African societies, cloth is a store of wealth
, a means of exchange, a bridewealth payment (Picton 1995; Steiner 1985), and, when transformed into clothing, a vehicle of complex messages that relate to individual beauty and rank as well as the social tensions that exist in interpersonal relations when it is decorated with proverbs and symbols (Beck 2001; Domowitz 1992).
Nearly two-thirds of India's gold demand comes from rural areas where jewellery is a traditional store of wealth
for millions who have no access to the formal banking system.
Natural color diamonds encapsulate an extraordinary expression of love, a store of wealth
, and a tangible symbol of one's legacy--all in one.
Gold retains its function as a store of wealth
since it carries an uncertainty premium; its price depends on currency fluctuations and its demand, on expectation of general price level.
Because of the way this country was created, we have created a store of wealth
. And it's possible for us to have many more choices in our society than we had 250 years ago.
Given this backdrop, it is no surprise that savers are continuing to turn to the world's oldest store of wealth
(5) Unlike housing, which provides housing services while also being a store of wealth
, personal retirement accounts are designed and promoted as a means of saving to finance retirement expenditure.